Repsol, partners to drill first well in this year
Now that American oil giant, ExxonMobil has racked up 12 successful discoveries, its neighbouring offshore competitors are speeding up their drilling plans. This is...
ExxonMobil makes two more discoveries offshore Guyana
American Oil Major, ExxonMobil made two discoveries at the Tilapia-1 and Haimara-1 wells in the southwest section of the Stabroek Block. This announcement was...
Exxon’s Hammerhead well among top five offshore wells to watch for 2019 -Wood MacKenzie
Even though the appraisal results are not completed as yet, ExxonMobil’s Hammerhead is no doubt, one of the top five wells to watch for...
Prices for Motor Gasolene and Gasoil reduced from tomorrow
Starting from tomorrow, Super 95 Gasolene will be wholesaled at $208.00 per litre or 27.44% less, and Gasoil (LSD) at $207.00 per litre or...
Guyana makes ExxonMobil lead explorer for 2018 –Wood Mackenzie
Guyana’s prolific offshore basin has pushed ExxonMobil to the top of the oil and gas explorers’ leader board for 2018, says industry analyst Wood...
Guyana can use Que$tor software to test reasonableness of companies’ cost estimates-Oxfam Director
Testing the reasonableness of an oil company’s cost estimates has been quite a challenge for oil producing nations. But Oxfam Director, Ian Gary, thinks...
Avoid the mistakes of other nations… Guyana needs law for transparency on cost audits...
“One of the biggest problems oil producing nations face is that the governing party is usually scared to denounce the actions of the operators…And...
World Bank, IMF helping GRA on administering tax avoidance rules for oil sector
All governments face tax administration challenges. But some of these are the result of poorly designed systems that may not provide the tax agency...
Political parties should state position on renegotiating oil contracts -TIGI Head
Head of Transparency International Guyana Inc. (TIGI), Dr. Troy Thomas, believes that all political parties should state their position on the renegotiation of oil...
IMF completes study on pros, cons of Guyana paying taxes on behalf of oil...
The International Monetary Fund (IMF) has completed a study on Guyana’s pay-on-behalf system which kicks in as a result of the structure of its...
